PBF Financials Pbf Energy Inc.

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:31 UTC Overview →

Growth & profitability

Revenue has grown 14.2% per year over the past 5 years.
Operating margin has expanded, at -0.2% in the latest year.

Financial health

Total debt ($2.1B) exceeds cash ($528M); net debt is $1.6B.
Total debt has grown slower than revenue (-14.3% vs 14.2% per year).
Operating income covered interest expense -0.3× in the latest year, up from -5.5× 5 years ago.
Total debt is 6.8× EBITDA.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$29.3B	-$159M	-1.9%	-0.2%	-3.0%	-1.2%	-$783M	$2.1B	$528M
2024	$33.1B	-$534M	-1.1%	-2.1%	-9.6%	-4.2%	-$348M	$1.5B	$536M
2023	$38.3B	$2.1B	6.3%	7.7%	33.0%	14.9%	$679M	$1.2B	$1.8B
2022	$46.8B	$2.9B	10.0%	8.9%	58.4%	21.2%	$4.1B	$1.4B	$2.2B
2021	$27.3B	$231M	3.3%	2.2%	12.0%	2.0%	$228M	$4.3B	$1.3B
2020	$15.1B	-$1.4B	-10.8%	-9.4%	-84.8%	-13.3%	-$828M	$4.7B	$1.6B
2019	$24.5B	$319M	3.7%	2.6%	10.5%	3.5%	$529M	$2.1B	$815M
2018	$27.2B	$128M	2.2%	1.3%	4.8%	1.6%	$521M	$1.9B	$597M
2017	$21.8B	$416M	4.4%	3.4%	17.8%	5.1%	$379M	$2.2B	$573M
2016	—	$171M	—	—	8.4%	2.2%	$353M	$2.1B	$746M
2015	—	$146M	—	—	8.9%	2.4%	$206M	$1.9B	$944M
2014	—	-$38M	—	—	-3.1%	-0.7%	-$20M	$1.3B	$398M
2013	—	$40M	—	—	6.0%	0.9%	-$27M	$736M	$77M
2012	—	$2M	—	—	0.5%	0.0%	$637M	$710M	$286M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$12.1B	$1.5B	17.9%	17.3%	19.2%	8.9%	$1.8B	$2.1B	$2.5B
Jun '26	$11.7B	$906M	9.8%	10.9%	14.1%	6.2%	$1.5B	$1.7B	$894M
Mar '26	$7.9B	$198M	3.5%	3.8%	3.6%	1.3%	-$673M	$2.8B	$542M
Dec '25	$7.1B	$78M	-1.8%	1.8%	1.5%	0.6%	$77M	$2.1B	$528M
Sep '25	$7.7B	$170M	0.5%	3.7%	3.3%	1.3%	-$123M	$2.4B	$482M
Jun '25	$7.5B	-$5M	-0.8%	0.6%	-0.1%	-0.0%	$35M	$2.4B	$591M
Mar '25	$7.1B	-$402M	-5.9%	-7.2%	-7.9%	-3.1%	-$772M	$2.2B	$469M
Dec '24	$7.4B	-$289M	-4.2%	-5.2%	-5.2%	-2.3%	-$426M	$1.5B	$536M
Sep '24	$8.4B	-$286M	-3.4%	-4.6%	-4.9%	-2.2%	-$170M	$1.3B	$977M
Jun '24	$8.7B	-$65M	0.1%	-0.9%	-1.0%	-0.5%	$372M	$1.3B	$1.4B
Mar '24	$8.6B	$107M	2.5%	1.7%	1.7%	0.8%	-$124M	$1.2B	$1.4B
Dec '23	$9.1B	-$48M	0.9%	-0.5%	-0.7%	-0.3%	$224M	$1.2B	$1.8B
Sep '23	$10.7B	$786M	11.4%	10.0%	11.7%	5.4%	$396M	$1.2B	$1.9B
Jun '23	$9.2B	$1.0B	5.6%	15.2%	16.9%	7.3%	-$139M	$1.4B	$1.5B
Mar '23	$9.3B	$382M	6.2%	5.7%	7.4%	2.9%	$198M	$1.4B	$1.6B
Dec '22	$10.8B	$638M	8.9%	8.8%	12.9%	4.7%	$881M	$1.4B	$2.2B
Sep '22	$12.8B	$1.1B	12.3%	11.0%	25.0%	7.9%	$1.2B	$1.4B	$1.9B
Jun '22	$14.1B	$1.2B	13.8%	12.1%	38.2%	8.6%	$1.8B	$2.0B	$2.2B
Mar '22	$9.1B	-$21M	2.2%	1.0%	-1.1%	-0.2%	$194M	$4.2B	$1.4B
Dec '21	$8.2B	$165M	4.6%	3.5%	8.6%	1.4%	$45M	$4.3B	$1.3B

Valuation over time

How the market has priced PBF against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 1.8× (Mar '23) to 1.8× (Nov '24).
The price-to-sales ratio has risen from 0.1× (Mar '23) to 0.3× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is PBF growing its revenue and profit?

Over the past 5 years, Pbf Energy Inc.'s revenue has grown 14.2% per year. These are computed facts, not advice.

How much debt does PBF have?

As of FY2025, Pbf Energy Inc. reported $2.1B of total debt against $528M of cash; operating income covered interest expense -0.3×.

What is PBF's profit margin?

In FY2025, gross margin was -1.9%, operating margin -0.2%, and net margin -0.5%.

What is PBF's P/E ratio?

Pbf Energy Inc.'s P/E (TTM) is 3.36 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the PBF stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 1.8× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.